Daily News Links

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Saturday, August 15, 2020

General

• ‘It’s nerve-racking’ — Millions of Americans are still furloughed and unsure when they will return to work
  CNBC
• Exclusive: China ramps up U.S. oil purchases ahead of trade deal review - sources
  Reuters
• Taiwan's China-friendly opposition routed in mayoral by-election
  Reuters
• Pompeo inks deal for US troop move from Germany to Poland
  AP
• U.S. Carrier Group Conducts Operations in South China Sea
  Bloomberg
• Working Parents Are Hitting Their Coronavirus Breaking Point—And Paying for It
  WSJ
• To Get Tougher on China, Trump Needs U.S. Navy, Which Is Straining
  WSJ

Friday, August 14, 2020

Evening

• S&P 500 ends almost flat as record remains elusive
  Reuters
• Trump says ready to move on coronavirus aid, blames Democrats for holdup
  Reuters
• Coronavirus live updates: NY to allow bowling alleys and museums to reopen; California tops 600,000 cases
  CNBC
• Berkshire Makes a Bet on Gold Market That Buffett Once Mocked
  Yahoo/Bloomberg
• 'Canary in the coal mine': Greenland ice has shrunk beyond return, study finds
  Reuters
• High-Priced S&P 500 Stumbles on the Brink of Making History
  Bloomberg
• Europe’s ‘last dictator’ in a brutal fight for survival
  FT

General

• Wall Street retreats as China data disappoints
  Reuters
• World shares sink as data points to tepid economic revival
  Reuters
• Dollar steadies, index heads for worst weekly run in decade
  Reuters
• Euro zone bonds sell-off stops; inflation expectations at six-month highs
  Reuters
• Coronavirus live updates: Congress leaves without passing relief bill; Fauci concerned with U.S. outbreak
  CNBC
• Retail sales for July rose 1.2% vs. 2.3% estimate
  CNBC
• U.S. consumer sentiment holds steady in early July
  Reuters
• Home prices climb to record in pandemic as buyers seek space
  AP
• US productivity rises 7.3%, biggest increase since 2009
  AP
• China's economic recovery underwhelms as consumer comeback stays elusive
  Reuters
• China's July retail sales unexpectedly slip, factory output growth steady
  Reuters
• For China's landlords, rent-to-riches dreams fade in red flag for fragile economy
  Reuters
• Empty apartments in Manhattan reach record high, topping 13,000
  CNBC
• Turkish Gold Fever Spurs Dollar Oddity Unseen in Erdogan Era
  Yahoo/Bloomberg
• Malaysia's economy shrinks 17.1% in Q2, worst contraction in over 20 years
  Reuters
• China Home-Price Growth Slows in July Amid Fresh Wave of Curbs
  Bloomberg
• China’s Peer-to-Peer Lending Purge Leaves $115 Billion in Losses
  Bloomberg
• Greek and Turkish warships in 'mini collision': defence source
  Reuters
• Muni Defaults Surge, but Yields Don’t Follow
  WSJ
• ‘Long-Short’ Funds Missed Their Moment
  WSJ

Thursday, August 13, 2020

Evening

• S&P 500 ends down slightly after flirting with record levels again
  Reuters
• Gold, Silver Jump After Swings Amid Weak Dollar and Economic Woe
  Yahoo/Bloomberg
• Coronavirus stimulus stalemate could drag on for weeks as Congress leaves town
  CNBC
• U.S. hits fiscal cliff with jobs, economic recovery in the balance
  Reuters
• Trump holds up coronavirus aid to block funding for mail-in voting
  Reuters
• Mexican central bank cuts rates to 4.5%, but pace of cuts might slow
  Reuters
• Here’s how Robinhood is raking in record cash on customer trades — despite making it free
  CNBC
• Borrowing to Buy Stocks Pushes Up China’s Record Household Debt
  Bloomberg
• A Deadly Coronavirus Was Inevitable. Why Was No One Ready?
  WSJ
• US Treasury forced to pay up to fund record stimulus
  FT
• Europe credit investors go ‘all in’ rather than fight banks
  FT
• Turkey’s finance minister concedes economy at risk of shrinking
  FT

General

• Wall Street set to edge up as weekly jobless claims drop
  Reuters
• Gold Advances After Wild Swings as Investors Weigh Next Steps
  Yahoo/Bloomberg
• U.S. weekly jobless claims fell to 963,000, first time below 1 million since mid-March
  CNBC
• A $2 Trillion Credit Boom Leaves America’s Smaller Firms Behind
  Yahoo/Bloomberg
• Coronavirus live updates: U.S. records over 1,500 new deaths, for the deadliest day since May
  CNBC
• In China, fears of financial Iron Curtain as U.S. tensions rise
  Reuters
• China's banking sector expected to dispose $490 billion of bad loans in 2020: Xinhua
  Reuters
• China's July air passenger numbers fall 34.1% year-on-year: regulator
  Reuters
• Latin America will see ‘record-breaking contraction’ as the coronavirus shatters their economies, Goldman says
  CNBC
• Taiwan to boost defence spending 10% in face of China pressure
  Reuters
• Manhattan Apartment Rents Plunge 10% in Pandemic-Fueled Exodus
  Bloomberg
• Turkey Boosts Funding Costs to Avoid Outright Rate Hikes
  Bloomberg
• Modi’s Key Ministers Hit by Coronavirus as Pandemic Grips India
  Bloomberg
• Most U.S. Cities Expect Next Fiscal Year to Get Worse, Survey Finds
  WSJ
• Can Spacs shake off their bad reputation?
  FT
• China holds military exercises near Taiwan in warning to US
  FT
• France stokes Turkey tensions by sending military craft to waters off Cyprus
  FT

Wednesday, August 12, 2020

Evening

• S&P 500 finishes within points of record high close
  Reuters
• Stock futures hold steady after S&P 500 closes just under a record
  CNBC
• Trump calls Democratic demands 'ridiculous' as blame traded over virus aid stalemate
  Reuters
• Coronavirus live updates: Pandemic relief negotiations at a standstill; U.S. case numbers warped by data gaps
  CNBC
• Accuracy of U.S. coronavirus data thrown into question as decline in testing skews drop in new cases
  CNBC
• How can Wall Street be so healthy when Main Street isn’t?
  AP
• Analysis - China's debt collectors flourish as consumers flounder in a COVID-hit economy
  Reuters
• Special Report: Last doctor standing - Pandemic pushes Indian hospital to brink
  Reuters

Afternoon

• Tech stocks boost S&P 500 closer to record high
  Reuters
• Gold fights back after steep decline as slowdown fears persist
  Reuters
• White House, Democrats show no sign of budging on U.S. coronavirus aid
  Reuters
• U.S. July deficit falls to $63 billion on delayed tax payments
  Reuters
• Economic clout makes China tougher challenge for U.S. than Soviet Union was - Pompeo
  Reuters
• U.S. health chief, visiting Taiwan, attacks China's pandemic response
  Reuters
• Wall Street Fears This Stock Rotation Is Another False Dawn
  Yahoo/Bloomberg
• Morgan Stanley Wealth Sees Risks in Credit on U.S. Stimulus Woes
  Yahoo/Bloomberg
• Small Businesses Are Dying by the Thousands — And No One Is Tracking the Carnage
  Bloomberg
• Coronavirus makes for a brutal quarter for smaller US companies
  FT
• UK economy suffers worst slump in Europe in second quarter
  FT

General

• Global stocks shake off stimulus doubts, gold goes wild
  Reuters
• Gold’s Wild Ride Continues as Prices Bounce Back
  Yahoo/Bloomberg
• U.S. consumer prices accelerate in July
  Reuters
• Another record low mortgage rate juiced weekly demand, but rates are suddenly rising now
  CNBC
• Trump says 'great' bond with China's Xi changed after COVID-19
  Reuters
• China’s Days as World’s Factory Are Over, IPhone Maker Says
  Bloomberg
• Turkish Bank Bonds Trading in Distress Defy Erdogan’s Optimism
  Bloomberg
• Coronavirus-Hit State Budgets Create a Drag on U.S. Recovery
  WSJ
• Federal Reserve’s Covid Response Fuels Private-Equity Debt Boom
  WSJ
• Commercial Properties’ Ability to Repay Mortgages Was Overstated, Study Finds
  WSJ
• China’s Xi Speeds Up Inward Economic Shift
  WSJ
• US risks China’s ire by raising prospect of Taiwan trade deal
  FT
• China treads cautiously in the face of US sanctions
  FT
• Beijing on flood alert as rains hamper China’s economic recovery
  FT

Tuesday, August 11, 2020

Evening

• S&P 500, Dow snap seven-day winning streak as concern mounts over stimulus deal
  Reuters
• Stocks off highs on stimulus concern; gold, silver tumble
  Reuters
• McConnell urges White House, Democrats to restart coronavirus relief negotiations
  CNBC
• White House, congressional Democrats go fourth day without coronavirus talks
  Reuters
• Worldwide virus cases top 20 million, doubling in six weeks
  AP
• China’s Poor Squeezed by Surging Food Prices and Stagnant Wages
  Bloomberg

General

• U.S. S&P500 heads for record high as stimulus bets lift world stocks
  Reuters
• Stocks Jump Worldwide While Dollar Drops With Gold: Markets Wrap
  Yahoo/Bloomberg
• U.S. producer prices beat expectations in July
  Reuters
• Facing pandemic squeeze, universities hit bond markets for cheap cash
  Reuters
• China's new bank loans fall more than expected but broad credit growth quickens
  Reuters
• China auto sales surge in July, log fourth straight month of gains
  Reuters
• Coronavirus live updates: Russia plans phase three trials of world’s first approved vaccine, offers little safety data
  CNBC
• Pompeo deeply troubled by Hong Kong tycoon arrest
  Reuters
• Taiwan tells visiting U.S. official China seeks to turn it into next Hong Kong
  Reuters
• China’s Credit Growth Slows in July as Stimulus Pared Back
  Bloomberg
• U.S. Junk Bond Market Sets Record-Low Coupon in Relentless Rally
  Bloomberg
• Employers Cast Wary Eye on Trump Payroll-Tax Deferral
  WSJ
• From Cocoa to Coffee and Sugar, Soft Commodities Stage Simultaneous Rally
  WSJ
• Home-Building Stock Index Reaches First Record in 15 Years
  WSJ
• Bolsonaro and the generals: will the military defend Brazil’s democracy?
  FT
• EU’s top credit rating can survive €750bn stimulus, say agencies
  FT

Evening

• Stock futures flat in overnight trading after Wall Street notches seventh straight day of gains
  CNBC
• Asian stocks set for cautious start amid renewed U.S.-China tensions
  Reuters
• U.S. governors question cost of Trump COVID-19 aid plans, urge talks to continue
  Reuters
• Coronavirus live updates: Mnuchin says relief deal could come this week; TSA screenings return to March levels
  CNBC
• No federal relief leaves states, cities facing big deficits
  AP
• Chinese firms that fail U.S. accounting standards to be delisted as of 2022: Mnuchin
  Reuters
• Robinhood reports more monthly trades than rivals Charles Schwab, E-Trade combined
  CNBC
• Federal Government Sent Workers Nearly $250 Billion in $600-a-Week Jobless Aid
  WSJ
• Jimmy Lai’s Arrest Signals New Limits for Hong Kong Dissent
  WSJ

Monday, August 10, 2020

Afternoon

• Wall Street mixed with stimulus in focus; Dow hits over five-month high
  Reuters
• Mnuchin sees possible virus aid deal, but no talks set with Congress
  Reuters
• Oil climbs on Chinese factory data, U.S. stimulus hopes
  Reuters
• Coronavirus live updates: Mnuchin says relief deal could come this week; TSA screenings return to March levels
  CNBC
• Global coronavirus cases hit 20 million: Reuters tally
  Reuters
• Turkey's Erdogan hopes market interest rates will fall further
  Reuters
• Special Report: Lebanon’s power struggle – why a failing state can’t get the lights on
  Reuters
• Trump’s Student-Loan Order Keeps $1.2 Trillion of Debt on Ice
  Bloomberg
• China Hits U.S. Officials With Sanctions, Avoids Top Trump Aides
  Bloomberg
• The No-Win School Reopening: One Superintendent’s Dilemma
  WSJ
• China hawks latch on to Trump’s campaign against Beijing
  FT
• Banks face toughest test since financial crisis
  FT

General

• Shares edge up as positive China industrial data outweighs trade jitters
  Reuters
• Gold rises as China-U.S. tensions escalate
  MarketWatch
• Oil climbs on positive China data, rising demand
  Reuters
• Pelosi, Mnuchin open door to narrower COVID-19 aid through 2020
  Reuters
• China's factory deflation slows in July as recovery gains strength
  Reuters
• Coronavirus live updates: Bill Gates says U.S. has ‘mind-blowing’ testing problems
  CNBC
• U.S. farmers leave fields fallow as COVID-19 wrecks crop prospects
  Reuters
• Turkey Lowers Key Banking Ratio to Slow Credit as Lira Falls
  Yahoo/Bloomberg
• Hong Kong tycoon Jimmy Lai arrested under security law, bearing out 'worst fears'
  Reuters
• China sends fighter jets as U.S. health chief visits Taiwan
  Reuters
• Sharp, Short U.S. Recession Giving Way to Longer-Term Scarring
  Bloomberg
• Millennials Slammed by Second Financial Crisis Fall Even Further Behind
  WSJ
• China Imposes Sanctions on 11 Americans Over Hong Kong
  WSJ
• Heightened US-China tensions rein in gains for global stocks
  FT

Sunday, August 9, 2020

Evening

• Asian shares on backfoot as focus shifts to U.S. stimulus, China tensions
  Reuters
• Stock futures slip after Trump signs orders extending coronavirus relief
  CNBC
• Dollar tries to keep rally alive in a short market
  Reuters
• Trump end run around Congress raises questions on his claims
  AP
• Millions of Americans are worried they won’t be able to make even the minimum payments on their credit cards
  CNBC
• Lowest Mortgage Rates Ever Spur Historic Jump in Bond Supply
  Yahoo/Bloomberg
• U.S.-China Tensions Halt Rally in Emerging Market Currencies
  Yahoo/Bloomberg
• Simon Property Weighs Empty Mall Spaces as Amazon Centers: DJ
  Yahoo/Bloomberg
• Three Risks Weighing on Emerging Markets All Start With T
  Bloomberg
• Chinese rating agencies in record boost of local government vehicles
  FT

General

• Trump signs measure to provide extra $400 in weekly unemployment benefits
  CNBC
• Trump orders encroach on Congress’ powers, invite challenges
  AP
• US reaches 5 million confirmed coronavirus cases
  AP
• U.S. health chief arrives in Taiwan on trip condemned by China
  Reuters
• Oil giants' production cuts come to 1 million bpd as they post massive writedowns
  Reuters
• Lebanese call for an uprising after protests rock Beirut
  Reuters
• Goldman Sees Weaker Lira, Warns on Risks of ‘Discontinuous Move’
  Bloomberg
• China cleans up in Latin America as US flounders over coronavirus
  FT